EUR/USD
To open long positions for EURUSD, it is required:
Consider buying the euro ahead of the Fed's decision from the level of 1.1720, or to a rebound in the support area of 1.1683. If the buyers manage to return the EUR/USD pair to the resistance area of 1.1759 and gain a foothold on it, we can expect the growth to continue towards the weekly highs in the area of 1.1809, where it is advised to lock in profits.
To open short positions for EURUSD, it is required:
While the trade is below 1.1759, there is a possibility that the euro will fall to weekly lows in the area of 1.1720, the breakdown and consolidation below could lead to a bigger selling of the euro with the update at 1.1683, where it is advised to lock in the profit. In case the euro grows in the afternoon, before the release of the Fed's decision, new short positions can be considered on the rebound from 1.1809.
GBP/USD
To open long positions for GBP/USD, it is required:
The buyers managed to gain a foothold at 1.3340 and are currently trying to continue the upward trend towards the area of 1.3376, with the main target of the exit at 1.3425, where it is advised to lock in the profit. In the event of a return to the level of 1.3340, it is best to consider buying in the area of 1.3314 or open long positions on the rebound from 1.3267.
To open short positions for GBP/USD, it is required:
Only a return to the level of 1.3340 will strengthen the presence of sellers, which will lead to a decline in the GBP/USD pair to the support area of 1.3314 with a further decline to the larger levels of 1.3267 and 1.3224, where it is advised to lock in profits. In the event of growth above 1.3367, I recommend that you pay attention to short positions only after updating 1.3425.
Indicator description
Moving Average (average sliding) 50 days - yellow Moving Average (average sliding) 30 days - green MACD: fast EMA 12, slow EMA 26, SMA Bollinger Bands 20